ITC LTD

 ITC LTD

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ITC was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited. As the Company's ownership progressively Indianised, the name of the Company was changed from Imperial Tobacco Company of India Limited to India Tobacco Company Limited in 1970 and then to I.T.C. Limited in 1974.


To improve performance and further development the organization's human resources, ITC developed a competency framework which identifies seven competencies essential to the ongoing success and development of the organization and its staff. ITC began the development of a people strategy . This underpins ITC'S commitment to attract ,develop,support,and retaining the best staff. the strategy has five primary goals-

  • source,attract and recruit world class talent
  • promote excellence in the fields of leadership and people management 
  • encourage and support staff in their continuing professional development
The cornerstone of the performance management system is the appraisal system in ITC. The individual agrees to perform objectives at the beginning of the year with his/her superiors.These objectives naturally flow from the objectives of the unit/business.

Performance management system includes activities to ensure that goals are consistently being met in an effective manner.
It is a technique used by manager to encourage employees growth and job satisfaction.
 
TRAINING METHOD FOLLOWED IN ITC
  • On-the-job training methods
  • Off -the-job training methods
  • training procedures contains- preparing instructor,preparing trainee, getting ready to teach, presenting operations,try out trainee performance, follow up

In case of ITC cycle consist of 4 steps mainly these are-
  • plan
  • act
  • monitor
  • review
Performance appraisal method used in ITC -
  • Balance score card
  • 360 degree feedback
  • MBO
  • BARS
  • Career review form
  • Future outlook
Focus of organization is on increasing job understandings remedial potential improvement,career development, employees efforts focused on specific tasks, increasing output, HRP, linking pay and performance ,improving team work .


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